Compass Group PLC (CMPGF) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.799 Good morning and welcome to our 2025 half year results. 00:00:04.799 -- 00:00:08.384 We've delivered another strong first half performance. 00:00:08.384 -- 00:00:13.552 A double digit increase in profit was driven by 8.5% organic revenue growth 00:00:13.552 -- 00:00:18.781 and further margin progress. And in line with our algorithm, we're continuing to achieve 00:00:18.781 -- 00:00:22.087 profit growth ahead of revenue growth. 00:00:22.087 -- 00:00:26.033 Importantly, net new business was 4.4%, 00:00:26.033 -- 00:00:31.561 within our 4-5% target range for the fourth year running now. 00:00:31.561 -- 00:00:36.167 Our client retention rate continues to be strong, at above 96%, 00:00:36.167 -- 00:00:41.294 and the outsourcing market remains buoyant, with 45% of new business wins now 00:00:41.294 -- 00:00:43.858 coming from first-time outsourcing. 00:00:43.858 -- 00:00:48.425 We are investing for growth and have acquired attractive businesses to help expand our 00:00:48.425 -- 00:00:52.327 addressable market through further subsectorization. 00:00:53.204 -- 00:00:59.093 Following the reshaping of our portfolio, we're now an even more focused business. 00:00:59.093 -- 00:01:04.482 Our diverse sector portfolio, wide-ranging client base, flexible operating 00:01:04.482 -- 00:01:10.111 models, and significant local purchasing scale all provide the business with significant 00:01:10.111 -- 00:01:12.111 resilience. 00:01:12.394 -- 00:01:17.603 We have flexibility to mitigate macroeconomic challenges, and we're well-placed to capitalize 00:01:17.603 -- 00:01:22.527 on any increased outsourcing opportunities that may arise. 00:01:22.668 -- 00:01:28.357 I'll come back with more details on how we're successfully executing our strategy later. 00:...